Frost & Sullivan Lauds OpenText for Consistently Staying Ahead of the Product Development Curve in the Enterprise Digital Media Market OpenText pioneered many of the key capabilities that define enterprise information management
MOUNTAIN VIEW, Calif., Feb. 28, 2013 /PRNewswire/ -- Based on its recent analysis of the enterprise digital media market, Frost & Sullivan recognizes OpenText with the 2013 Global Frost & Sullivan Company of the Year Award. OpenText was also the recipient of the 2011 Global Frost & Sullivan Company of the Year Award. OpenText, a global market leader in Enterprise Information Management (EIM), is the largest content management system vendor in the world, both in terms of market revenue and breadth of its product portfolio. The company's content and data management capabilities outstrip its competitors', even as it continually expands its functional capacity and features into new technology and market sectors.
OpenText has been a top-rung content and information management vendor since the inception of the content management system (CMS) industry, more than 20 years ago. OpenText has consistently delivered top-of-the-line document, content and data management solutions through acquisitions and product line expansions.
"When the market required expanded document management capabilities or the management of varied content formats, it acquired several companies and brought together their diverse functionality in a unified and configurable document and content management solution," said Frost & Sullivan Research Analyst Megan Groves. "More recently, when OpenText identified a rising demand for integrated Web content management, business process management, and precision case management, it acquired, built and expanded its market-leading capabilities across all its product segments."
OpenText's recent rebranding of its enterprise content management (ECM) solution, including all of its peripheral and best-of-breed complementary business lines, into a single Enterprise Information Management (EIM) platform represents a significant realignment of its solutions. OpenText is the first to market with a broad platform geared toward the specific needs and performance demands of users from across the organization.
"OpenText is delighted to be honored as Frost & Sullivan's 2013 Company of the Year," said OpenText CEO Mark J. Barrenechea. "This recognition reinforces OpenText's commitment to helping our customers transform their businesses with information-based strategies and solutions. OpenText EIM software is enabling CIOs across the globe to deliver on the promise of information, today."
OpenText has been at the vanguard of a new trend of powerful platforms built around structured architectures that enables the integration of all content and data management tools, creating industry-specific and, ultimately, flexible platforms. As an integrated platform, OpenText EIM expands its capabilities across both structured and unstructured data environments, integrates multiple newer data formats and sources, and provides the flexibility of cloud-based, on-premises, or hybrid access and management. Frost & Sullivan anticipates that its EIM platform will shift the market, redefine market capabilities, and ensure its long-term and continuous growth.
With a wider selection of existing CMS and associated products than any other CMS vendor, OpenText has multiple entry points into customer organizations, global regions, and technologies. With larger ECM and associated product revenue than its competitors and a diverse and global talent pool to select from, OpenText can afford to invest significantly in the exploration, testing and deployment of new technologies.
OpenText has introduced many advanced solutions, including the concept of a service-oriented architecture (SOA) platform model for ECM. This platform model has enabled vast product integration flexibility and cross-functional connectivity across OpenText's ECM solution. OpenText is also investing in and developing advanced analytics solutions that allow customers to test, measure and assign quantitative value to individual content or data sets.
"Throughout its architecture, processes, and data management environment, OpenText's CMS solutions are tailored to multiple user types across the enterprise, from IT to marketing, and across facilities and geographic boundaries," noted Groves. "It also caters to assorted verticals and the unique needs of these verticals allow OpenText to build-out from its core ECM solution to advanced, vertical-specific functionality and capacity."
When pre-defined ECM solutions are not an exact fit, or when clients prefer to retain legacy ECM components, OpenText's ECM platform will prove highly useful, as they are adaptable and customizable. By deploying the EIM platform, they may not only optimize the functionality of their existing systems, but also enhance the usability and value of their existing content and data, while allowing for future expansion and growth—all through a single, integrated platform.
"OpenText has streamlined its solutions into the highly integrated EIM product portfolio, while its competitors have splintered off into single-focus solutions, siloed services, and functional apartheid," observed Groves. "These factors have allowed OpenText to continually focus on building and securing its market leadership positioning, while simultaneously investing in innovation and leading change in the marketplace."
Although its chief competitors may offer a combination of solutions, none provides a total solution with the same level of consistent quality, scalability, flexibility, user friendliness, system robustness and security that OpenText does on its EIM platform.
Each year, Frost & Sullivan presents this award to the company that demonstrated superior entrepreneurial ability in its industry during the research period. This award signifies the company's identification of a unique and revolutionary product solution with significant market potential. Additionally, it certifies the company's marketing strategy as sound and poised for success.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
OpenText provides Enterprise Information Management software that enables companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.
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